IMI plc (IMI), the FTSE 100 fluid and motion control specialist, has completed the sale of its Truflo Marine business to Fairbanks Morse Defense for an enterprise value of £225 million. The transaction, first announced on 24 November 2025, closed on 6 November 2026. The disposal marks a strategic step by IMI to sharpen its portfolio around three core megatrends: Energy, Automation, and Healthcare. Investors will be watching how the proceeds are deployed and how the Group's refocused portfolio performs going forward.

Key Points

  • IMI plc (IMI) — FTSE 100, listed on the London Stock Exchange
  • IMI has completed the disposal of Truflo Marine to Fairbanks Morse Defense at an enterprise value of £225 million
  • Sale first announced 24 November 2025; completion confirmed 6 November 2026; enterprise value includes a £5 million lease liability adjustment under IFRS
  • Investors should watch how IMI allocates disposal proceeds and whether the narrowed portfolio accelerates growth in Energy, Automation and Healthcare

Truflo Marine Sold to Fairbanks Morse Defense for £225m Enterprise Value

IMI plc confirmed on 9 November 2026 that the sale of Truflo Marine to Fairbanks Morse Defense has been finalised, with an enterprise value of £225 million under IFRS accounting. The announcement notes that this figure includes an adjustment for £5 million of lease liabilities treated as debt under IFRS. Under US GAAP, where such lease liabilities are not classified as debt, the equivalent enterprise value stands at £220 million. The transaction had been in progress since it was first publicly disclosed on 24 November 2025, with completion formally taking place on 6 November 2026.

IMI's Strategic Realignment Around Energy, Automation and Healthcare

Chief Executive Officer Roy Twite stated in the announcement that the divestment of Truflo Marine "further aligns IMI to the three powerful megatrends that will underpin the delivery of sustainable growth — Energy, Automation and Healthcare." The disposal signals a deliberate narrowing of IMI's portfolio, with the Group choosing to exit a marine-facing business in favour of concentrating resources on sectors it identifies as structurally high-growth. IMI employs approximately 10,000 people, operates manufacturing facilities in 18 countries, and runs a global service network built around valves and actuators.

IMI's Core Business Model Following the Truflo Marine Disposal

IMI describes itself as a global leader in fluid and motion control, with its product range centred on valves and actuators that help industrial customers improve safety, productivity, and energy efficiency. The Group combines applications engineering expertise with a focus on market-led innovation and continuous improvement. As a FTSE 100 constituent listed on the London Stock Exchange, IMI operates across vital industrial sectors globally. The Truflo Marine disposal reduces the Group's exposure to the defence marine segment, leaving its remaining divisions more directly aligned with the three megatrends management has identified as long-term growth drivers.